Quote from: ypsi on March 16, 2018, 10:00:51 AM

Quote from: QuintLeo on March 16, 2018, 06:28:35 AM

Quote from: generalt on March 15, 2018, 05:13:02 PM

I think I read somewhere that Bitmain probably made more then Nvidia last year.

Rumored, but no HARD numbers are available for Bitmain.
Given they probably have a lot higher margin on their sales, their profits being higher than Nvidia in 2017 would be no shock.

I think Bitmain is buying the chips from TSMC so they are probably getting good deals on those and I would assume they have higher profits that Nvidia does.

--ypsi

they where hold a ton of coins at the start of 2017 more then 40000 btc

so it was 900 a coin in jan 2017

it was 19000 a coin in dec 2017

and they added 40000 BCH which was worth 1500 in Dec 2017

so 40000 x 900 = 36,000,000

40000 x 20500 = 820,000,000

so just on the holding of coins for certain addresses they have that is a 750million profit

not counting anything sold.

BTW they have sold off coins in these addresses

So between Mt Gox and Bitmain coin sales this is the price drop for the market.

and a 2000usd s-9 costs .25 btc in march

a 3000 usd s-9 cost .15 btc in dec

so dropping price on coins gets them more coins on sales.